Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd trimmed its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 48.2% during the second quarter, HoldingsChannel reports. The fund owned 3,933 shares of the company’s stock after selling 3,656 shares during the quarter. Paragon Capital Management Ltd’s holdings in Invesco S&P 500 Momentum ETF were worth $635,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Montgomery Financial Services LLC bought a new position in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $46,000. Blue Trust Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares during the period. Timbuktu Capital Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth approximately $65,000. Networth Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $48,000. Finally, Wellington Grp LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 43.6% during the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after purchasing an additional 139 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.5%

Shares of NYSEARCA SPMO traded up $0.75 during mid-day trading on Tuesday, hitting $150.47. 1,595,270 shares of the company traded hands, compared to its average volume of 1,936,738. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The stock has a market capitalization of $22.03 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The business has a 50 day moving average of $148.88 and a two-hundred day moving average of $138.61.

About Invesco S&P 500 Momentum ETF

The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.